Several years of regulatory wrangling recently culminated in yet another blow to the CFD market at the hands of Australian regulatory authority ASIC, which in October last year passed new regulations severely limiting how CFDs are sold, executed and marketed, and restricting leverage considerably. Many FX brokerages in Australia had understood for a very long time now that this was likely to occur, the earliest example of which was explained to FinanceFeeds five years ago by Australian senior FX executive David Batten who raised some very important points concerning ASIC’s clampdown on margin electronic trading ... (full story)